Compliance and cybersecurity for Canadian financial services.
From asset managers to fintechs to regulated lenders, Canadian finance businesses operate under overlapping privacy, regulatory, and customer-imposed obligations. Uzado runs the programme.
What Canadian finance has to satisfy
The regulatory and customer-imposed obligations on Canadian finance businesses do not collapse into a single framework. The right answer is to run an integrated programme that satisfies the union of them.
Federally regulated financial institutions in Canada operate against OSFI's guideline B-13 on technology and cyber risk management, alongside related guidance on third-party risk (B-10) and operational risk. Whether or not you are an FRFI, your customers, your lenders, and your insurers tend to expect controls that mirror those expectations.
On top of that, PIPEDA governs how you handle personal information, provincial regulators impose their own obligations on registered firms, and customer procurement teams ask for SOC 2, ISO 27001, or both. PCI DSS applies the moment cardholder data enters scope. Toronto and Montreal are the centres of gravity for most of this work, but the regulatory expectations follow your customers, not your office.
Uzado runs the integrated programme: a Managed GRC-driven SOC 2 or ISO 27001 baseline, the managed security and IT operations layer that produces the evidence, and a vCISO who owns the regulator-facing narrative.
The services that map to the obligations
Cyber security risk management self-assessment work, third-party risk programme alignment, and reporting workflows that match OSFI expectations.
Many of your enterprise customers (and their procurement teams) require SOC 2 Type 2. Uzado runs the programme through Vanta, with MHM CPA as the audit partner.
Card data scoping, ASV scanning, segmentation testing, and a managed PCI programme for any portfolio company that touches cardholder data.
ISMS design, control implementation, and certification audit support. The recognised standard for cross-border buyers your finance business is courting.
24x7 log aggregation and triage. Required for regulated finance environments where unmonitored logs are an unacceptable risk.
PTES-aligned external, internal, web, and segmentation tests. Reports built to the level of evidence finance regulators and auditors expect.
Continuous Qualys scanning with risk-based prioritisation. The remediation cadence keeps regulator and customer questionnaires defensible.
Senior security leadership for finance firms whose compliance burden is real but who do not yet need a full-time CISO.
Common questions from Canadian finance
What's the difference between PIPEDA and OSFI B-13?+
PIPEDA is Canada's federal private-sector privacy law, and it applies to any commercial handling of personal data across most of Canada. OSFI B-13 is a guideline issued by the Office of the Superintendent of Financial Institutions, applicable to federally regulated financial institutions, on technology and cyber risk management. The two coexist: PIPEDA defines how you handle personal data; B-13 defines how you manage technology and cyber risk as an FRFI.
Do private equity portfolio companies need OSFI alignment?+
Only if the entity itself is federally regulated. Many PE-backed finance businesses are not FRFIs and therefore are not in OSFI scope, but their LP base, lenders, or customers may impose equivalent expectations contractually. Uzado scopes B-13 alignment as part of the readiness conversation rather than assuming it applies.
Is SOC 2 Type 1 enough for a finance customer?+
Sometimes, briefly. Most enterprise finance customers will accept a Type 1 with a documented commitment to a Type 2 monitoring window within twelve months. Asset managers and large banks tend to insist on Type 2 from the start. Uzado's path is to start with SOC 2 Type 1 Rapid Start and roll directly into a six-month Type 2 window.
Do you support Canadian retail wealth and asset managers?+
Yes. Our public client roster includes Burgundy Asset Management. Uzado has experience aligning to IIROC, MFDA (now CIRO) and provincial securities-commission expectations as part of broader compliance programmes.
Can Uzado support cyber insurance renewal in finance?+
Yes. The standard scope (managed EDR, managed firewall, managed backups, MDR, vulnerability management) maps directly to the controls insurers ask about. The vCISO owns the renewal questionnaire and presents the supporting evidence.
Run the finance programme as one programme.
Uzado integrates compliance, security, and IT operations for Canadian financial services firms. Talk to our team and we will scope the work.